Oman planning to sell stakes in 11 state firms

March 11, 2014 2:48 am

The Omani government is planning to divest its stake in eleven state-owned companies, Times of Oman has reported. “Darwish bin Ismail Ali Al Balushi, minister responsible for financial affairs, stated that 11 companies will be floated in the market, probably not all of them this year,” Sheikh Abdullah bin Salem Al Salmi, executive president of Capital Market Authority (CMA), told the daily. The market regulator and the ministry are working on a plan to decide on the companies, as well as the timing for floating the issues, he said. “So, it is easy for investors and the market (in general) to get to know which firm is coming out with an issue and at what point of time.”